Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Declares Quarterly Dividend of $0.23

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.23 per share by the savings and loans company on Friday, February 28th. This represents a $0.92 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, February 14th.

Southern Missouri Bancorp has increased its dividend by an average of 6.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Southern Missouri Bancorp to earn $5.30 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 17.4%.

Southern Missouri Bancorp Stock Up 1.6 %

Shares of NASDAQ:SMBC traded up $0.94 during trading on Monday, reaching $58.15. The stock had a trading volume of 35,281 shares, compared to its average volume of 36,351. The firm’s 50-day simple moving average is $60.46 and its 200 day simple moving average is $57.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. Southern Missouri Bancorp has a one year low of $39.00 and a one year high of $68.69. The company has a market capitalization of $655.93 million, a P/E ratio of 13.37 and a beta of 0.99.

Southern Missouri Bancorp (NASDAQ:SMBC) last issued its earnings results on Tuesday, October 29th. The savings and loans company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.01). The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $42.48 million. Southern Missouri Bancorp had a return on equity of 10.18% and a net margin of 17.44%. As a group, research analysts expect that Southern Missouri Bancorp will post 4.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SMBC has been the subject of a number of analyst reports. Stephens increased their price target on Southern Missouri Bancorp from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler lifted their price objective on shares of Southern Missouri Bancorp from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th.

Insider Buying and Selling

In related news, Director William E. Young sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $59.90, for a total transaction of $179,700.00. Following the completion of the sale, the director now directly owns 48,649 shares of the company’s stock, valued at $2,914,075.10. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 16.60% of the company’s stock.

About Southern Missouri Bancorp

Southern Missouri Bancorp, Inc operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States. The company offers deposits products, including interest-bearing and noninterest-bearing transaction accounts, saving accounts, certificates of deposit, retirement savings plans, and money market deposit accounts.